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The demand for money that households keep for emergency purposes is known as-
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precautionary demand
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emergency demand
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speculative demand
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temporary demand
Frage 2
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The quantity of money held in response to interest rates is the-
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transactions motive for holding money
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precautionary motive for holding money
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speculative motive for holding money
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unit-of-account motive for holding money
Frage 3
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the specualtive demand for money
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varies inversely with income
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is only concerned with active money
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involves holding money for unexpected problems
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varies directly with the transactions demand for money
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varies inversely with the interest rate
Frage 4
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Other things being equal, the quantity of money that people wish to hold can be expected to -
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increase as the interest rate increases
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decrease as the interest rate increases
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decrease as real GDP increases
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none of the answers above are correct
Frage 5
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A decrease in the interest rate, other things being equal, causes a(n)-
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upward movement along the demand curve for money
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downward movement along the demand curve for money
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rightward shift of the demand curve for money
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leftward shift of the demand curve for money
Frage 6
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Which of the following statements is true?
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The speculative demand for money at possible interest rates gives the demand for money curve its upward slope
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there is an inverse relationship between the quantity of money demanded and the interest rate
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according to the quantity theory of money, any change in the money supply will have no effect on the price level
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all of the answers above are correct
Frage 7
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In exhibit 20-11, assume an equilibrium with an interest rate of 6% and the money supply at $400 billion. The fed uses its policy tools to move the economy to a new equilibrium at E2, with money supply of $600 billion and an interest rate of 4%. This change could be the result of a(n)-
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open market sale of securities by the fed
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higher discount rate set by the fed
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higher required-reserve ratio set by the Fed
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open market purchase of securities by the fed
Frage 8
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according to Keynesians, an increase in the money supply will-
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decrease the interest rate, and increase investment, aggregate demand, prices, real GDP, and employment.
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decrease the interest rate, and decrease investment, aggregate demand, prices, real GDP. and employment.
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increase the interest rate, and decrease investment, aggregate demand, prices, real GDP, and employment
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only increase prices
Frage 9
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In Exhibit 20-12 , when the money supply increases from MS1 to MS2, the equilibrium interest rate-
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remains unchanged
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increases from i1 to i2, increasing investment spending from I1 to I2
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increases from i2 to i1, decreasing investment spending from I2 to I1
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decreases from i1 to i2, increasing investment spending from I1 to I2
Frage 10
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In exhibit 20-12, a shift in aggregate demand from AD1 to AD2
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cannot raise real GDP because the economy is at full employment
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cannot raise real GDP because the aggregate supply curve is upward sloping at GDP2
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will raise real GDP because the economy is operating below the full-employment level
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will cause the interest rate to increase from i2 to i1
Frage 11
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The transactions demand for money is the demand for money by households for
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rainy day spending
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predictable spending purposes
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liquidity purposes
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investing purposes
Frage 12
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People react to an excess supply of money by-
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selling bonds, thus driving up the interest rate
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selling bonds, thus driving down the interest rate
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buying bonds, thus driving up the interest rate
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buying bonds, thus driving down the interest rate
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